ABSTRACT
This study centered on the Role of Nigerian Export Promotion Council (NEPC) in Export Promotion in Nigeria. The purpose was to establish the extent to which this organization has succeeded in promoting non oil export in Nigeria. The entire population of forty three (43) respondents of NEPC, Enugu Zonal Office were all investigated.
Apart from secondary data obtained from literature review, primary data were obtained using questionnaire. The emerging data were analyzed with the aid of descriptive statistical instruments, namely, tables and percentages. It was observed that there were clear indications that the council has lived up to its expectations as there have been increases in the volume and value of non oil exports which resulted from various activities of the council. However, loopholes militating against the achievement of full objectives of the nation’s non oil export policies were revealed.
Also, a number of recommendations were made which include improved services by the council, better funding of export promotion, among others, as that will be the only way to justify the establishment of the NEPC.
TABLE CONTENTS
Title page
Certification page
Dedication
Acknowledgement
Abstract
Table of contents
List of tables
CHAPTER ONE: INTRODUCTION
1.1 Background of the study
1.2 Statement of the problems
1.3 Objectives of the study
1.4 Research questions
1.5 Significance of the study
1.6 Scope and limitation of the study
1.7 Definition of terms
CHAPTER TWO: LITERATURE REVIEW
2.1 Why Export Promotion
2.2 Review of export promotion effort in Nigeria
2.3 The structure of Nigeria’s non oil export
2.4 The structure of Nigerian export promotion council
2.5 The functions of Nigerian export promotion council (NEPC)
2.5.1 Trade information service (TIS)
2.5.2 Product/market development activities
2.5.3 Advisory services
2.5.4 Export financing and incentives
2.5.5 Human resources training and development activities
2.5.6 Co-ordination and co-operation with multi – lateral institutions
2.6 Motivation of exporters
2.6.1 Export incentives in Nigeria
2.6.1.1 Other incentives and policies that tends to encourage exports in Nigeria
2.6.2 Export liberalization policies
2.7 Other export facilitating bodies in Nigeria
2.8 Problems facing non oil export trade in Nigeria
2.9 Problems of Nigerian export promotion council (NEPC)
2.10 Achievement of the council
CHAPTER THREE: METHODOLOGY/DESIGN
3.1 Sources of data
3.1.1 Primary sources of data
3.1.2 Secondary sources of data
3.2 Population of study
2.3 Determination of sample size
2.4 Sampling process
2.5 Selection and construction of research instrument
2.6 Administration of research instrument (questionnaire0
2.7 Method of data analysis
CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.1 Presentation of data
4.2 Analysis of questionnaire
CHAPTER FIVE: SUMAMRY OF FINDINGS CONCLUSION AND RECOMMENDATIONS
5.0 Introduction
5.1 Summary of findings
5.2 Conclusion
5.3 Recommendations
Bibliography
Appendix i
Appendix ii
Appendix iii
INTRODUCTION
This study seeks to examine the role of Nigeria Export Promotion Council (NEPC) in Export Promotion in Nigeria (A Case Study of Enugu Zonal Office).
Export or international marketing has to do with marketing of goods and services outside the border of the firm’s home country. It draws its justification from opportunity costs, existing in different nations and explained my theories of comparative advantage which states that a country gains from a trade where it exports products for which it has the capability of producing in abundance, both for its domestic and exports markets. Inversely, a country gains by importing products for which it does not have comparative advantage. T he implication of the theory is that exports are intended to meet commitments an imports. It then becomes important for any nation to undertake successful commercial activities aimed at boosting her exports, since the extent to which it can honor its import obligation is largely dependent on the volume and the value of its exports. In nearly all-developing economics, development is understandably tied to growth in exportation, which in turn creates jobs and raise the standard of living. This is so because, import requirements arising from development must be financed using foreign currencies. Therefore, without a diversified export base which will generate enough foreign currency, a developing it'’ feet, let alone growing. In Nigeria, this realization came the hard way since the early 70s, the country had been entirely dependent on crude oil for her foreign exchange requirements the because oil was providing more than enough to meet these needs, nobody bothered to look out for, or invest in other sources earning foreign exchange monies.
In fact, other previously viable sources, especially commodities were almost completely abandoned, hence the groundnut “pyramids” varnished from Kano, cocoa “Bush” developed wings and left the west, while palm fruits disappeared from East were left to floods. Thus, Nigeria once exporting several cash crops became a mono product exporter of crude oil only. In time, it was realized what dangers lay shed of a mono-product economy. Nigeria was even a more pathetic one because her mono product was a natural asset that is exhaustible and whose price is determined extremely. There was thus need to aggressively diversify the country’s export portfolio as fast as possible if her economy was to grow and be sustained. This led to the establishment of the Nigerian Export Promotion Council in 1976 to put in place strategies, policies and programmes that would boost Nigeria’s non oil exports. But before it could attain it’s objectives for the nation, the reality of the perils associated with a mono – product economy were with us. Crude oil while in the early 70s attained on all time high price of $40 per barrel had been enmeshed in economic policies and glutted. National planning and the implementation of development programmes became virtually impossible. It was difficult to meet up with recurrent expenditure, let alone capital project. By 1986, the devastating effects of the glut were evident on every facet of our National life as the price of crude oil tumbled to an all time low of $14 per barrel. Our economic boom had turned to economic doom. The economy had become Aramaic and something urgent needed to be done to revive it.
In 1986, the federal government further adopted a Structural Adjustment Program (SAP) aimed at reviving the economy through a wide range of belt tightening measures which came with it. One of the major planks of SAP was the rapid development and promotion of non oil exports in Nigeria with a view of breaking the over dependence on a single export commodity, thereby stimulating growth in other sectors and diversifying the productive base of the economy, with emphasis on import substitution industries. The reality of that programme is the recognition of certain fundamental distortions or structural defects in the arrangement of the national economy and life. By this attempts to restructure the Nigerian economy using its distinctive strength to generate or create its own opportunities, a lot of efforts have been made between 1986 to date to touch on nearly all facets of socio-economic life in the country in other that a now economic entity may be born, giving its citizens a new lease of life to number of export agencies have been created by government to complement the efforts of the Nigeria Export Promotion Council (NEPC) in this regard. As it is carried out its statutory responsibilities, the council plays several roles in the economic development of the nation. the focus of the project work is thus to find out to what extent Nigeria Export Promotion Council has helped in non oil export promotion in Nigeria.